Leading coins moved further south Monday as traders turned to profit-taking ahead of the New Year.
| Cryptocurrency | Gains +/- | Price (Recorded at 7:45 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | -1.05% | $92,439.45 |
| Ethereum (CRYPTO: ETH) |
-1.23% | $3,340.67 |
| Dogecoin (CRYPTO: DOGE) | -0.67% | $0.3138 |
What Happened: Bitcoin had a bumpy morning, dipping to a low of $91,317 in early trade, recovering to highs of $94,000 late in the afternoon, and then retreating to $92,000 by evening.
Since the surge to $99,000 on Christmas, the leading cryptocurrency has slipped as much as 6.5%.
Ethereum dipped below $3,400, extending its weekly losses to 2.40%.
The downward market triggered $283 million worth of liquidations in the last 24 hours, with bullish bets worth nearly $200 million getting wiped out.
That said, Bitcoin’s rebound to $100,000 from here could liquidate $687 million in short positions.
About 67% of all traders on Binance were levered long on Bitcoin, according to the Long/Short Ratio indicator, …
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